Avantel Limited has made a regulatory disclosure to BSE Limited and National Stock Exchange of India Limited regarding the allotment of equity shares under its employee stock option plan.

Share Capital Impact

The allotment resulted in an increase of the company's paid-up equity share capital:

  • Pre-allotment: 26,57,10,850 equity shares of ₹2 each aggregating to ₹53,14,21,700
  • Post-allotment: 26,57,75,866 equity shares of ₹2 each aggregating to ₹53,15,51,732
  • Total increase: 65,016 shares representing ₹1,30,032 in share capital

Detailed Allotment Breakdown

The allotment was executed in two tranches as detailed in the annexures:

Annexure I Details:

  • Number of shares issued: 9,200
  • Distinctive numbers: 26,57,10,851 to 26,57,20,050
  • Exercise price per share: ₹50
  • Premium per share: ₹48
  • Total issued shares after this issue: 26,57,20,050
  • Total issued share capital after this issue: ₹53,14,40,100

Annexure II Details:

  • Number of shares issued: 55,816
  • Distinctive numbers: 26,57,20,051 to 26,57,75,866
  • Exercise price per share: ₹53
  • Premium per share: ₹51
  • Total issued shares after this issue: 26,57,75,866
  • Total issued share capital after this issue: ₹53,15,51,732

Share Characteristics

  • Par value: ₹2 per share
  • The shares issued will rank pari passu with existing shares
  • No lock-in restrictions apply to these shares
  • No listing fees are payable for this issuance

Previous Filings Referenced

The document references previous ESOP-related filings:

  • BSE: Filed on 16.11.2023 (DCS/IPO/JP/ESOP-IP/2988/2023-24) and 30.05.2024 (DCS/IPO/AK/ESOP-IP/3237/2024-25)
  • NSE: Filed on 16.10.2024 (NSE/LIST/44700)